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Jul 30, 2011
07/11
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jon, we've got the boehner plan and the reid plan. everybody in washington knows neither of these things can pass, so what, if anything, is being done right now to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention, quiet negotiations going on between harry reid and mitch mcconnell. trying to find middle ground. mitch mcconnell has been on the phone several times, a many told, with vice president biden over the last several days. they are trying to find one last-ditch effort to get what everybody knows needs to happen, dan, and that is something that has bipartisan support. i got to tell you, though, the atmosphere is so poisoned here, the question is, once they get that agreement, can they pass it? >> well, let me pick up on that because there's been so much tough talk, even some trash talk, i wonder if there is another wiggle room rhetorically for r e hard-liners on either side to back down. >> reporter: well, i think there -- maybe not the hard-liners, but i think there actually is wiggle room bec
jon, we've got the boehner plan and the reid plan. everybody in washington knows neither of these things can pass, so what, if anything, is being done right now to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention, quiet negotiations going on between harry reid and mitch mcconnell. trying to find middle ground. mitch mcconnell has been on the phone several times, a many told, with vice president biden over the last several days. they are trying to find...
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Jul 29, 2011
07/11
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so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse. he still has to convince some of those republicans who don't want any debt ceiling, however, to go along with this. meanwhile, in the senate, democrats say it is absolutely dead. so, we are not at the end game here yet. what happens next is really anybody's guess. josh? >> all eyes and many angry voters turning their attention, now, to the capitol. the deadline, again, tuesday. jon karl, with the very latest from washington. >>> meanwhile, the standoff there comes as we get more discouraging news about the economy. figures out th
so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse....
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Jul 5, 2011
07/11
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republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a sparkly throng of supporters and a new campaign bus. the fourth is a glorious day for all americans including candidates. for them, it may be a chance to take a break from their recent big obsession, cash. mitt romney expects to come in somewhere south of 20 million. tim pawlenty, jon huntman and ron paul all way south of that. around 4 million apiece. meanwhile, president obama could raise as much as 60 million, though he spent the day with men and women whose value is beyond priceless. >> i cannot think of anybody i would rather celebrate with than all of you, the men and women of our military an
republican mitt romney and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a...
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Jul 17, 2011
07/11
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budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and that would be -- add to the catastrophic woes a default can bring. >> the administration said itself if we don't have a plan by this friday, we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip jon kyl on "this week." >> for a check of the morning top stories, filling in for ro
budget director jack lew and senator jon kyl. two people who are around the negotiating table. in the meantime, also the report about wanting to go back to the grand bargain. president said he wanted to do that. speaker boehner said he wants to do that. the question is whether they can get elements on board to pass such a thing. that also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan,...
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Jul 25, 2011
07/11
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jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting that any deal won't include any new tax increases. >> that's the big deal. but the two s
jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the...
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abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on taxes. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner. but there hasn't been a lot of discussion among the wider conferences in the house and the senate democrats and republicans. and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> repo
abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as...